Covered Bonds Market
The Cover – essential daily information on the covered bond market
The Cover is a daily online news service dedicated to the covered bond market. Published by the GlobalCapital group, The Cover delivers exclusive breaking news on new covered bond issues as they are launched, as well as essential information on the secondary markets, covered bond regulation and the people that matter.
Global Benchmark Ranking
The Cover has been specifically designed so that its members can comment on articles and vote on transactions, and thereby reflect what the market really thinks. The Cover also generates bespoke league tables in partnership with Dealogic (the leading data provider.)
Each week, The Cover publishes the latest global benchmark ranking for the covered bond market, as well as a unique league table that excludes self-led deals and information on bookrunners in all currencies.
Every day, subscribers to The Cover receive a daily news alert that is also available in on mobiles devices such as a BlackBerry. Subscriptions to The Cover include full access to coveredbondnews.com, league tables and a searchable archive, powered by Google.
Most Read Articles
Credit curve flattening intact (for now)
Tier one covered bonds — those from national champion issuers — in Europe’s periphery are cheap to equivalent senior unsecured notes and with the market in short supply further outperformance is likely. Regulation on the Liquidity Coverage Ratio, dec ...
Do regulators like dual recourse as much as covered bond bankers?
The European Covered Bond Council has proposed a new generation of secured funding notes, halfway between covered bonds and securitizations. But getting them off the ground is still in the hands of the regulators.
Yields to head south says Alliance Bernstein’s Loughney
Daniel Loughney, covered bond portfolio manager at Alliance Bernstein in London, speaks to The Cover about the bond market rout, the outlook for rates and covered bonds, and talks about how he managed funds through the recent turbulent period.
CFF’s RMBS is better than its covered bonds
Credit Foncier de France is out with its second RMBS of the year. CFHL-2 2015 may not come with the special regulatory treatment of the issuer’s covered bonds, but the deal offers a spread that looks particularly alluring for the risk. A major invest ...
Ambiguous secondary market obscures price discovery
The secondary market has become irrelevant for pricing covered bonds. Spreads only reflect the level at which the eurosystem is willing to buy at, and not the rest of the market. It is the strongest signal yet of the disruption the European Central B ...